CenturyLink's Profit Rises Despite Another Revenue Decline

CenturyLink Inc. said fourth-quarter earnings edged up 2.6% as the telecommunications company recorded a lower income tax expense, but revenue fell for the sixth consecutive quarter.

For 2014, CenturyLink said it expects adjusted per-share earnings of $2.40 to $2.60 on operating revenue of $17.9 billion to $18.10 billion. Analysts polled by Thomson Reuters expected per-share earnings of $2.66 and revenue of $17.92 billion.